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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 950 |
Essay's paper body
Big investment banks employ a large number of salespeople, analysts, and traders in a network of offices, and may operate a trading "floor." Smaller banks operate out of regular offices. Labor is the chief operating expense.
As stated before, global investment banking have a combined annual revenue of approximately $110 billion...
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This was up 14% on the previous year, but 7% below the 2000 peak. The recovery in the global economy and capital markets resulted in an increase in M&A activity, which has been the primary source of investment banking revenue in recent years. Credit spreads are tightening and intense competition within the field has ensured that the banking industry is on its toes...
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